Somewhat Positive News Coverage Somewhat Unlikely to Impact Cliffs Natural Resources (NYSE:CLF) Stock Price
Media stories about Cliffs Natural Resources (NYSE:CLF) have trended somewhat positive this week, according to Accern Sentiment Analysis. The research group rates the sentiment of press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Cliffs Natural Resources earned a media sentiment score of 0.25 on Accern’s scale. Accern also gave news coverage about the mining company an impact score of 45.6275054776128 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the media stories that may have impacted Accern Sentiment’s scoring:
- Cliffs Natural Resources Inc (NYSE:CLF) Sees Heavy Trading Volume with 9284K Shares Changing Hands – Modern Readers (modernreaders.com)
- Cliffs Natural Resources: What Will Drive Performance after 2Q17? – Market Realist (marketrealist.com)
- Steady Stock: Cliffs Natural Resources Inc (CLF) – Post Registrar (postregistrar.com)
- Cliffs Natural Resources Inc. (NYSE:CLF) Debt Trading 1% Lower (ismboard.com)
- What US Steel Demand Means for Cliffs Natural Resources (finance.yahoo.com)
Several equities analysts have recently issued reports on CLF shares. BidaskClub upgraded Cliffs Natural Resources from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. Axiom Securities restated a “sell” rating on shares of Cliffs Natural Resources in a report on Monday, July 31st. Jefferies Group LLC assumed coverage on Cliffs Natural Resources in a report on Friday, July 7th. They issued a “buy” rating and a $9.00 target price on the stock. TheStreet upgraded Cliffs Natural Resources from a “d+” rating to a “c” rating in a report on Monday, July 31st. Finally, ValuEngine cut Cliffs Natural Resources from a “strong-buy” rating to a “buy” rating in a report on Friday, June 2nd. Four research analysts have rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the stock. Cliffs Natural Resources has a consensus rating of “Hold” and an average price target of $8.50.
Shares of Cliffs Natural Resources (CLF) traded up 2.96% on Friday, hitting $7.65. The stock had a trading volume of 9,301,271 shares. The firm has a 50 day moving average price of $6.94 and a 200 day moving average price of $7.88. Cliffs Natural Resources has a one year low of $4.91 and a one year high of $12.37. The company has a market capitalization of $2.27 billion, a P/E ratio of 35.09 and a beta of 1.69.
Cliffs Natural Resources (NYSE:CLF) last released its quarterly earnings data on Thursday, July 27th. The mining company reported $0.26 EPS for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.08. Cliffs Natural Resources had a net margin of 2.44% and a negative return on equity of 13.83%. The business had revenue of $569.30 million during the quarter, compared to analysts’ expectations of $485.93 million. During the same quarter in the prior year, the company earned $0.07 EPS. The firm’s quarterly revenue was up 14.7% on a year-over-year basis. On average, equities research analysts predict that Cliffs Natural Resources will post $0.91 earnings per share for the current fiscal year.
About Cliffs Natural Resources
Cliffs Natural Resources Inc is a mining and natural resources company. The Company is a supplier of iron ore pellets to the North American steel industry from its mines and pellet plants located in Michigan and Minnesota. The Company’s segments include U.S. Iron Ore and Asia Pacific Iron Ore. The Company is a producer of iron ore pellets, primarily selling production from U.S.
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